KYC and AML
Welcome to Neovestor’s Compliance Center At Neovestor, we prioritize security and regulatory compliance to ensure a safe environment for all users. This document outlines our Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, designed to protect you and the platform from financial crime.
Who Can Use Neovestor?
Neovestor is not available to:
U.S. citizens or residents (including territories like Puerto Rico).
Individuals or entities in OFAC-sanctioned countries/regions, such as:
Iran, North Korea, Syria, Russia, Cuba, Crimea, Donetsk, Luhansk.
Persons on sanctions lists (e.g., OFAC, US, UN, EU).
We geoblock restricted regions and screen all users against global watchlists.
KYC (Know Your Customer) Process
Why We Require KYC KYC helps us verify your identity and ensure compliance with international laws.
Steps to Complete KYC
Sign Up: Provide basic details (name, email, country of residence).
Submit Documents:
Government-Issued ID: Passport, driver’s license, or national ID.
Proof of Address: Utility bill, bank statement, or tax document (≤3 months old).
Selfie Verification: A live photo or video to match your ID.
Review: Our compliance team verifies your submission within 1–3 business days, faster with Automatic KYC.
Approved?
Full access to Neovestor’s services (trading, staking, governance).
Rejected?
You’ll receive an email explaining the issue.
AML (Anti-Money Laundering) Policies
What We Monitor
Unusual Activity: Large transactions, rapid transfers, or inconsistent behavior.
Sanctions Matches: Screening against global regulatory databases.
Your Role
Use Neovestor only for lawful purposes.
Data Privacy & Security
Encryption: All documents and data are secured with AES-256 encryption.
Storage: Information is stored on GDPR-compliant servers.
Third Parties: Shared only with verified compliance partners (e.g., KYC providers).
User Responsibilities
Provide accurate, current information during onboarding.
Update Neovestor if your residency or legal status changes.
Avoid:
Creating multiple accounts.
Sharing your account with others.
Transactions linked to illegal activities.
Consequences of Non-Compliance
Account Restrictions: Limited functionality until KYC is completed.
Termination: Accounts violating policies will be closed.
Legal Reporting: Suspected criminal activity is reported to authorities.
FAQs
Why does Neovestor restrict the U.S. and other regions? To comply with local regulations and international sanctions.
Can I use a VPN to access Neovestor? No. VPN use violates our Terms of Service and will result in account termination.
How long is my KYC data stored? For 5 years after account closure, as required by law.
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